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Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets. National and international statistical agencies use various industry-classification schemes ...
Business; Cottage Industry; Heavy industry; Light industry; Manufacturing; In some cases, industries can be harmful, such as those where harmful waste chemicals are dumped in bodies of water, or even those where pesticides and similar inadvertently leak into water sources.
8. Manufacturing. Manufacturing is a profitable industry as it offers wages 8.8 percent higher than the overall wages of the private sector, according to the National Institute of Standards and ...
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [ 1 ] into which S&P has categorized all major public companies .
In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry . When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to ...
The North American Industry Classification System or NAICS ( / neɪks /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada, Mexico, and the United States of America. It has largely replaced the older Standard Industrial Classification ...
The Refinitiv Business Classification (TRBC) is an industry classification of global companies. It was developed by the Reuters Group under the name Reuters Business Sector Scheme (RBSS), [1] [2] [3] was rebranded to Thomson Reuters Business Classification (TRBC) when the Thomson Corporation acquired the Reuters Group in 2008, forming Thomson Reuters, and was rebranded again, to The Refinitiv ...
In economics, the business sector or corporate sector - sometimes popularly called simply " business " - is "the part of the economy made up by companies ". [ 1] [need quotation to verify][ 2] It is a subset of the domestic economy, [ 3] excluding the economic activities of general government, private households, and non-profit organizations ...